Recent Updates

Crop Progress

As reported by NASS on November 16, 2015
RAINS CONTINUE TO HINDER HARVEST

Rainfall continued to hinder producers who are trying to finish harvesting row crops and planting small grains. However, the moisture did give a boost to recently emerged wheat. Some East Tennessee cattle producers began feeding hay to supplement their pastures, rain continues to be advantageous to pastures in the rest of the state. Continue reading at Crop Progress 11 15 15.

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Tennessee Market Highlights

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Corn, soybeans, and wheat were down; cotton was up for the week. On Tuesday, the USDA released a very bearish WASDE report for grains and oilseeds. Corn received the worst of the news (although there was plenty of negative price news to be spread across commodities). Average U.S. corn yield was increased 1.3 bu/acre to 169.3 bu/acre. Continue reading at Tennessee Market Highlights.

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November 1 Tennessee Crop Production Forecast

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Corn production in Tennessee is forecast at 114 million bushels, down 3 percent from the October forecast and down 20 percent from the previous crop. Yield was estimated at 160.0 bushels per acre, down 5.0 bushels from last month and down 8.0 bushels from the 2014 level. Continue reading at NASS News Release.

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Comments on USDA WASDE & Profitability Outlook Update

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November 10, 2015 – USDA World Supply and Demand Estimates

Corn

Projected 2015/16 U.S. feed grain supplies are raised this month on higher forecast production for corn and sorghum. Corn production is forecast 99 million bushels higher with the national average yield raised 1.3 bushels per acre to 169.3 bushels, just 1.7 bushels below last year’s record. Projected domestic corn use for 2015/16 is lowered 50 million bushels as a 25-millionbushel increase in expected feed and residual use, with the larger crop and lower expected prices, is more than offset by a 75-million-bushel reduction in corn used to produce ethanol. Continue reading at Monthly Crop & Profitability Outlook .

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Crop Progress

As reported by NASS on November 9, 2015
FALL HARVEST AND PLANTING HALTED BY RAIN AGAIN

Rain continues to plague producers who are trying to finish harvesting row crops and planting small grains. As was the case last week, harvest of corn, cotton, and soybeans mostly ceased over most of the State last week, as did planting of small grains, due to rain. Producers need several days of uninterrupted sunshine to finish harvest and planting. Continue reading at Crop Progress 11 8 15.

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Tennessee Market Highlights

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Corn, cotton, and soybeans were down; wheat was up for the week. In October, December corn futures declined 5 ½ cents from $3.87 ¾ to $3.82 ¼. Increased estimated domestic production and reduced exports were the primary drivers in the futures price decline. Increasing US corn exports will continue to remain challenging as the strength of the USD and high global corn stocks remain a significant hurdle. Continue reading at Tennessee Market Highlights.

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Crop Progress

As reported by NASS on November 2, 2015
FALL HARVEST HALTED BY RAIN

Harvest of corn, cotton, and soybeans mostly ceased over most of the State last week due to incessant rain. Producers did, however, make excellent progress on the days they could get into the fields. Harvest is expected to come to an end over the next few weeks if dry conditions return and prevail. Continue reading at Crop Progress 11 1 15.

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